What is Abstract of Title?
Real Estate Dictionary
An abstract of title is a summary of the history of ownership of a piece of real estate, including all transfers, liens, encumbrances, and other legal interests that affect the property. It is typically prepared by a title company or an attorney and is used to determine the chain of title or ownership of the property. The abstract of title includes information about any mortgages, judgments, taxes, or other claims against the property, as well as any easements or restrictions on its use. The abstract of title is an important document in the real estate transaction process, as it provides a comprehensive history of the property's ownership and can help to identify any potential issues or problems that may need to be addressed before the sale is completed.